After a strong bearish move, EURUSD has now tapped into the PD Low and shown a reaction. Structure remains bearish, but current price action near 1.1400 could lead to short-term retracement.
🔍 Key Levels:
PD High – 1.1560: Strong supply zone, key bearish continuation level
1.1500–1.1450: Broken support, may now act as resistance
PD Low – 1.1400: Demand zone, current price reacting from here
📌 Potential Scenarios:
Short-Term Bounce from PD Low:
Price reacting from 1.1400 demand.
Intraday retracement toward 1.1470–1.1500 possible.
Watch for bullish price action confirmation on lower timeframes.
Bearish Continuation if price retests 1.1500–1.1550:
Ideal area to look for fresh shorts.
Continuation move could target 1.1350 or lower.
🎯 Bias: Still bearish unless we break and hold above 1.1560 (PD High).
Patience is key. Let price test zone and wait for clear reaction before committing.
🔍 Key Levels:
PD High – 1.1560: Strong supply zone, key bearish continuation level
1.1500–1.1450: Broken support, may now act as resistance
PD Low – 1.1400: Demand zone, current price reacting from here
📌 Potential Scenarios:
Short-Term Bounce from PD Low:
Price reacting from 1.1400 demand.
Intraday retracement toward 1.1470–1.1500 possible.
Watch for bullish price action confirmation on lower timeframes.
Bearish Continuation if price retests 1.1500–1.1550:
Ideal area to look for fresh shorts.
Continuation move could target 1.1350 or lower.
🎯 Bias: Still bearish unless we break and hold above 1.1560 (PD High).
Patience is key. Let price test zone and wait for clear reaction before committing.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.